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Property profile & analytics
OFF-MARKET
Estimated value
$4,145,000
Apartment buildings
1047 Rich Ave Mountain View, CA 94040-2448
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3394861
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
7,096 SF
Lot
0.45 ac (19,402 SF)
Zoning code
R3-1*
APN
189-32-002
UPID
US09-3394861
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$4.15M
Owner & transaction history
Aron Homes LLC · 1 yrs held
Aron Homes LLC
since 2025
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
R3-1* · Mountain View, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.3M
+8.4%
Retail stores
$3.3M
+7.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,340,000
ML approach
$3,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,065,000
Current use
INDUSTRIAL (GENERAL)
$3,320,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$3,285,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,525,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.15M
Range $3.73M – $4.56M · ±10% · vs last sale $4.15M (Jan 31 2025)
Last sale anchor
$4.15M
Jan 31 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$584 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,940
Tax year 2024
Assessed value
$1,676,592
Assessed 2024
Previous assessed
$1,676,592
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$558,859
Assessed improvement
$1,117,733
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
14
Total area
7,096 SF
Lot
0.45 ac (19,402 SF)
Zoning code
R3-1*
APN
189-32-002
UPID
US09-3394861
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3-1* · Mountain View, CA
Zoning R3-1* · permitted uses
R3-1* · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
14
Lot
0.45 ac
Current owner
From public records · entity-resolved
Aron Homes LLC
Entity
Mailing address
3243 56TH AVE SW, SEATTLE, WA 98116-3101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$4,150,000
Aron Homes LLC
Louise P Liu
Grant Deed
$3,320,000 · Conventus LLC
Mar 8, 2022
—
Henrietta J Sih
—
Deed
related
$2,800,000 · Jpmorgan Chase Bank NA
Aug 15, 2013
—
Henrietta J Sih
Henrietta J Sih 2001 Living Trust
Correction Deed
related
$1,950,000 · Jpmorgan Chase Bank NA
Sep 8, 2008
—
Sih H J 2001 Living Trust
Sih,henrietta J
Quit Claim Deed
related
—
Oct 30, 2001
—
Henrietta Sih
Shueh Trust
Grant Deed
related
$1,270,000 · Bay View Bank
Oct 8, 1996
$1,050,000
Shueh Trust
West Trust
Grant Deed
$650,000 · Golden West Savings Assn Svc
Jun 5, 1996
$315,000
Shahid S Ansari
Chu,david H & Joanna Y
Grant Deed
—
May 22, 1995
$800,000
West Trust
Jedlicka Trust
Grant Deed
$530,000 · First Guaranty Exchange Co
Aug 29, 1994
—
Jerry A Jedlicka
Jedlicka,jerry A
Quit Claim Deed
related
—
Aug 23, 1993
—
Jerry Jedlicka
Jedlicka,jerry&a
Quit Claim Deed
related
—
Jul 27, 1990
—
James R. Jed
Jedlicka,j.
Grant Deed
related
—
—
—
West Trust
—
Deed Of Trust
related
$540,000 · World Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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